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BPTP, a Delhi-based property developer, is in talks with US-based investor Tishman Speyer to sell its upcoming information technology park in Gurgaon for around Rs 425 crore, said a person close to the deliberations.

ICICI Venture Funds Management Company Limited, which has $2-billion assets under management including $550 million (approximately Rs 2,475 crore) in real estate, will be raising a Rs 1,000-crore private equity fund to invest in residential